China's central bank said on Friday it will ensure reasonably ample liquidity and credit expansion to consolidate the country's economic recovery, which still faces many challenges.

Dr Lal PathLabs on Friday reported a 51% year-on-year (YoY) jump in net profit to Rs 86 crore in the quarter ended March 2024 led by improved volumes of diagnostic tests.

The pact links two big players in the vaccine world that both missed out on the rush to develop and commercialize Covid shots quickly during the pandemic. Amid various setbacks, Sanofi and Novavax ceded tens of billions of dollars in sales to nimbler messenger-RNA developers including the Pfizer-BioNTech alliance and Moderna Inc.

Prabhudas Lilladher sees a potential revival in the Nifty IT index. The brokerage has shared a list of stocks that can lead the surge. Take a look (Source: PL Research)

The Dow Jones Industrial Average rose 78.8 points, or 0.20%, at the open to 39466.52.

Sebi, in a consultation paper, has proposed mandatory direct payout of securities to demat accounts to ensure that securities of the clients are not vulnerable to misuse.

Last month, the index found support around 21,780 levels, and the 100-Days exponential moving average (DEMA) is placed near 21,820. Therefore, on the downside, 21,780-21,820 will act as the next key support for the index.

Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on security from extreme bearishness to bullishness. In Friday's trading session, five stocks saw top short covering. Here's the list:

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Friday's trading session, five stocks witnessed a top long unwinding. Here's the list:

Tata Motors on Friday announced a dividend of Rs 6 per share while announcing its Q4 results, which would be paid to the eligible shareholders on or before June 28.

For all those who were again thinking why the financial services sector stocks are leading the recent phase of decline. A look into FPI holding patterns would throw the answer. It is the financial services, including banks where FPIs have the maximum exposure, so if they are booking profit, the first round of selling is bound to come in the sector where they have maximum holding.But there is another part to the story, which is when they come back, it is the very same sectors where they buy the first, because financial services and banks are the best proxy play to GDP growth. Also the fact that the majority of these stocks have ample liquidity plays an important part in the kinds of strong moves these stocks see.

The 30-share BSE benchmark Sensex surged by 260 points or 0.36%, settling at 72,664. Meanwhile, the broader NSE Nifty witnessed a gain of 98 points or 0.44%, closing at 22,055.

Shares of metal giants Vedanta and Hindustan Copper surged by 4% on BSE to Rs 410.45 and Rs 372.25, respectively, while Hindustan Zinc saw a remarkable 14% leap to a new 52-week high of Rs 520. The surge is attributed to heightened demand from China, a major player in the global metal market.

​Shares of wires and cables manufacturer Polycab India have zoomed 65% to a new all-time high of Rs 6,242 since January’s low of Rs 3,801 when the stock made headlines due to an IT raid. On Wednesday, the shares surged nearly 8% on BSE.

Fitch Ratings on Friday affirmed the Export-Import Bank of India's (EXIM Bank) rating with a stable outlook, reflecting its high strategic importance to the state.

In the last four days of strong volatile moves, one sector which has been able to keep its head above the water is the Auto sector. Is it because of results which are expected to be good or it is rotational trade which is taking place, is the question. Whatever might be the reason, after remaining under pressure for one or the other reason, the auto sector has been witnessing a transformation, right from restructuring to a slew of launches, coming from companies. There is a high probability that this trend of restructuring is likely to continue. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

Emkay Global raises Zomato's target price from Rs 170 to Rs 230 per share, projecting an 18% upside potential, factoring in Blinkit's growth. With increased EPS and EBIT estimates, Blinkit's improved product-market fit drives valuation changes, indicating market expansion in metros and large cities.

Focusing on momentum and trendlines, ET Markets is organising a live interactive session with Rohit Srivastava, renowned for his extensive experience as Research Head and Fund Manager at Sharekhan.

​Shares of wires and cables manufacturer Polycab India have zoomed 65% to a new all-time high of Rs 6,242 since January’s low of Rs 3,801 when the stock made headlines due to an IT raid. On Wednesday, the shares surged nearly 8% on BSE.

The stock fell 20% for two consecutive days after January 31, when the Reserve Bank of India imposed restrictions on Paytm Payments Bank including accepting fresh deposits and doing credit transactions. On March 11, the RBI barred Paytm Payments Bank from onboarding new customers.

Indian shares gained on Friday after logging their worst session in three months a day prior on concerns over the outcome of ongoing national elections and selling by foreign investors. Meanwhile, in today's trading session, 5 small and midcap stocks from the Nifty500 index hit a new 52-week high. Here's the list:

TVS Holdings Ltd on Friday said it will acquire 80.74 per cent stake in Home Credit India Finance Pvt Ltd for an aggregate consideration Rs 554.06 crore.

The recent rebound in the Chinese stock market has come despite worsening fundamentals, while India is delivering solid profits, Citigroup strategists wrote in a report while downgrading China and upgrading India in emerging market allocation.

The Nikkei closed 0.41% higher at 38,229.11 after rising more than 1% early in trading.

London's FTSE 100 hit yet another record high on Friday as investors cheered the dovish tone of the Bank of England, while the British economy grew better-than-expected in the first quarter this year.

Promoters refer to founders or controlling shareholders of the company. Companies with high promoter holding stocks are considered to be safer to invest in, compared to those with relatively lower stakes. Here's a list of 7 midcap companies from the Nifty200 index that saw a decline in promoters' shareholdings in Q4, according to StockEdge data:

Intellect Design Arena shares plunged over 15% to Rs 930 in Friday's trade on BSE after the company reported disappointing earnings for the March quarter of FY24, with revenue of Rs 612 crore, down 3.6% quarter-on-quarter (QoQ) and down 1% year-on-year (YoY). Revenue was impacted by the termination of the GeM contract.

Asian Paints shares rose 3% to Rs 2,792 despite Q4 results missing estimates, with a 2% YoY increase in net profit to Rs 1,257 crore. Brokerages maintain a 'sell' view due to anticipated decline.

BPCL shares rose 5% despite a 35% net profit drop. Revenue was Rs 1.32 lakh crore. A 1:1 bonus was approved. Ebitda for the reporting quarter came in at Rs 9,213 crore. FY24 net profit was 26,673 crore.

SBI's robust Q4 earnings, with a net profit of Rs 20,698 crore, garnered bullish sentiments from various brokerages. Nomura, JP Morgan, Nuvama, KIE, Motilal Oswal, and Emkay Global maintain buy ratings with target prices ranging from Rs 820 to Rs 1,000, anticipating sustained growth and favorable prospects.

Shares of BPCL jumped 5% to Rs 621.8 in Friday's trade on BSE despite the firm posted a 35% drop in its standalone net profit at Rs 4,224 crore in the quarter ended March 2024, compared with Rs 6,478 crore in the last-year period.

Citigroup upgrades India on earnings strength. Global valuations rise, favoring emerging markets like South Africa. Saudi Arabia downgraded amidst shifting allocations.

A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Friday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:

A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Friday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:

JPMorgan continues to favour SBI with an overweight rating, while Macquarie has boosted Escorts to an outperform status. Conversely, CLSA has downgraded Sula to underperform following Q4 results, and they're sticking with a sell rating on Asian Paints.

Indian benchmark indices surged today. Auto and energy stocks drove the gains. NTPC, ITC, Axis Bank, JSW Steel, and Power Grid were the top gainers.

After opening flat, the Nifty hit a high in early trade. It then kept slipping to end in a loss.

Promoters refer to founders or controlling shareholders of the company. Companies with high promoter holding stocks are considered to be safer to invest in, compared to those with relatively lower stakes. Here's a list of 7 midcap companies from the Nifty200 index that saw a decline in promoters' shareholdings in Q4, according to StockEdge data:

The IPO, comprising a fresh equity issue of 14 lakh shares, garnered an astonishing overall subscription of over 600 times at closing. This overwhelming response was fueled by robust interest from non-retail investors.

The price action suggests that stock made a strong base and can witness a bounce back which could take it to a fresh record high above 200 levels, according to experts. GAIL shares rose from Rs 124 on November 8, 2023, to Rs 201 on May 8, 2024, an upside of over 60%.

Waaree Renewable Technologies, a smallcap solar company, has emerged as the leading gainer in the solar sector, boasting an astounding annual return of 1,318%. It is followed by WAA Solar with a gain of 561%, Zodiac Energy with 393%, and SJVN with 236%.

From the Sensex stocks, NTPC, ITC, Axis Bank, JSW Steel, and Power Grid were the top gainers, rising over 1% each in early trade. On the other hand, Infosys, HCL Tech, TCS, and HDFC Bank opened in the red.

Asked whether officials might raise interest rates again, he said he thought they probably would not -- but he also avoided fully ruling out the possibility. And when asked, twice, whether he thought rates were high enough to bring inflation fully under control, he twice tiptoed around the question.

Sterling was steady at $1.2515, having touched over two-week low of $1.2446 on Thursday after Bank of England (BoE) paved the way for the start of rate cuts as soon as next month.

According to analysts, the market is under pressure due to uncertainty over the election outcome and selloff by foreign investors. The India VIX (volatility index) closed higher for the 11th consecutive session on Thursday. The so-called fear gauge has jumped nearly 80% from a low in April. This period of heightened volatility - marked by ups and downs in share prices - presents buying opportunities for long-term investors, market players said.

U.S. Federal Reserve policy has been the main driver of investor sentiment in 2024. Renewed hopes the central bank will cut rates have pushed the Dow to its biggest rally since December. It closed at its highest since April 1.

Asked whether officials might raise interest rates again, he said he thought they probably would not -- but he also avoided fully ruling out the possibility. And when asked, twice, whether he thought rates were high enough to bring inflation fully under control, he twice tiptoed around the question.

Stocks that were in focus include names like IRB Infra, which fell 3%, IGL, which was down 2.48%, and Dr Reddy's, whose shares declined 2.8% on Wednesday.

"With consumption stocks in action and momentum, focus is on ITC which is steadily making a base for a fresh leg of rally. Traders can buy for a target of Rs 465 in the next 3-4 weeks," Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

State-run BPCL on Thursday posted a 35% drop in its standalone net profit at Rs 4,224 crore in the fourth quarter, compared with Rs 6,478 crore in the last year period.